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BNY Mellon Declares Distributions for Municipal Bond Closed-End Funds
ByAinvest
Wednesday, Jul 30, 2025 4:14 pm ET1min read
BNY Mellon Municipal Bond Closed-End Funds have declared a monthly distribution for their common shares. BNY Mellon Strategic Municipal Bond Fund, Inc. and BNY Mellon Strategic Municipals, Inc. will pay $0.023 per share on August 29, 2025, with an ex-dividend date of August 13, 2025. The distributions are payable to shareholders of record on August 13, 2025.
BNY Mellon Investment Adviser, Inc. has announced that BNY Mellon Strategic Municipal Bond Fund, Inc. and BNY Mellon Strategic Municipals, Inc. will distribute $0.023 per share on August 29, 2025. The distributions are payable to shareholders of record on August 13, 2025, with an ex-dividend date of August 13, 2025 [2].These distributions are part of the monthly dividend schedule for both funds, which are managed by BNY Mellon Investment Adviser, Inc. BNY Mellon Strategic Municipal Bond Fund, Inc. is a closed-end fixed income mutual fund that primarily invests in investment-grade municipal bonds, while BNY Mellon Strategic Municipals, Inc. is another closed-end municipal bond fund managed by the same investment adviser [1].
The monthly distribution of $0.023 per share represents a continuation of the funds' dividend policies. Both funds have a history of declaring monthly dividends, with BNY Mellon Strategic Municipal Bond Fund, Inc. having declared a monthly dividend of $0.023 per share in the past [1].
Investors interested in purchasing shares of these funds can do so through any online brokerage account. The funds trade on the New York Stock Exchange (NYSE) under the ticker symbols DSM for BNY Mellon Strategic Municipal Bond Fund, Inc. and LEO for BNY Mellon Strategic Municipals, Inc. [1].
References:
[1] https://www.marketbeat.com/stocks/NYSE/DSM/
[2] https://www.stocktitan.net/news/DSM/bny-mellon-municipal-bond-closed-end-funds-declare-iu0cmfnl8sca.html
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